Cognex Fibonacci Breakout Strategy

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THE COMPLETE TRADE LOGIC (What We Want):
Step 1: Morning Session (9:30-10:30)

Track session high and low

Step 2: After 10:30 - Wait for Breakout

Bullish: Close above session high
Bearish: Close below session low

Step 3: Track Extreme After Breakout

Keep updating highest_after_breakout or lowest_after_breakout
This continuously updates as price makes new extremes

Step 4: Detect 28% Retracement (THE LOCK)

When price retraces to 28%, set last_extreme_for_retracement to the current extreme
This LOCKS the extreme for fibonacci calculations
fib_100 should use this locked value

Step 5: Place Limit Order EARLY (at 20% retracement)

When price retraces to 20%, place limit order at 28% entry
This is so the order is ready when price hits 28%

Step 6: Cancel & Recalculate if New Extreme

If price makes a NEW extreme AFTER the order is placed
Cancel the old order
Wait for new 20% retracement to place new order

Step 7: One Trade Per Day

Only ONE order placement attempt per day
Even if cancelled, don't try again

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